Do you still remember the craziest days of meme coins on the Ethereum chain? Single transaction gas fees could soar to several hundred dollars, yet plenty of people rushed in without even blinking. What about now? The entire chain is eerily quiet.

To be honest, gas fee fluctuations on the mainnet during high-frequency trading have always been a tough problem—whenever there's a bit of hype, transaction fees skyrocket, which is naturally unfriendly to meme plays that require quick ins and outs. As a Layer 2, Base does offer some cost improvements, but it lacks a core community to drive the hype, so it never quite catches on.

In contrast, over on BSC, the low gas fees and fast confirmations make meme trading much smoother. The market is voting with its feet—capital and players are migrating to more efficient chains. After this meme cycle, the difference in user experience between infrastructures has been magnified infinitely.